Rolling coverage of the latest economic and financial news
-
AI CEOs say they need to slow the pace of development. But will they?
-
The Guardian view on controlling AI: humanity cannot outsource its survival
The anticipated value of AI developer OpenAI has dropped over the weekend, following the call for a slowdown in the industry.
OpenAI is currently a private company, but broker IG are running a contract where traders can bet on the company’s value.
IG’s OpenAI Pre IPO market-cap contract, which had rallied from about $1.38 trillion to $1.64 trillion after the release of Astra, has fallen back to $1.57 trillion on the news — a pullback of about $70 billion from that high.
